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Reply to "How to equalize financial gifts to adult children"
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[quote=Anonymous][quote=Anonymous]I have six siblings, and each of us has between 1-4 kids. My parents helped pay college tuition for every grandkid, same amount per kid, and it never occurred to me or any of my sibs to complain that others received more (indirectly) because they had more kids so took more from the potential estate. Similarly, I disagree with all those saying unmarried kids are getting an unequal amount if parents gift to siblings and their spouses/grandkids. These are all separate people and you can’t “roll up” the family and attribute gifts to each of them to just the one child of the grantor. FWIW, my sibs and I are all over the place financially and definitely not similarly situated.[/quote] Your parents must have a sizeable estate to pay for many grandkids' college tuition. My parents are really concerned about being fair between their direct descendants, so they give equal gifts to each kid to manage for their family/kids as they choose. Grandkids don't directly inherit unless their parent predeceases them, then they inherit per stripes. [/quote]
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